Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.036%
Price spread now: Lighter against BloFin−0.103%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.103%, 7d avg −0.031%
=Together, before fees−0.147%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.071% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FIL-USDT | 1.0026 | 0.0176 | pay 0.0176% / 8h | 5h 37m | $2.7M | $638K | 75x |
| Short | Lighter FIL | 1.0016 | 0.0096 | get 0.0012% / 1h | 37m 01s | $159K | $352K | 5x |
BloFin FIL-USDT
Lighter FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.71
- Price spread: −0.103% → −0.031%
- −$7.13
- Slippage, 4 orders
- −$41.75
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$77.59
- Costs to cover
- 0.538%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Lighter: live order book, 17 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 5 min ago | 1.00 bp | 14.4 bp −$14 | 19.2 bp −$192 | 44.8 bp −$4,477 | doesn't fit |
| Sell Lighter live order book, 17 min ago | 9.27 bp | 9.3 bp −$9 | 22.7 bp −$227 | doesn't fit | doesn't fit |
FIL on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0029 | +0.030% | $379K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0127% | 1h | 1.0024 | −0.020% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0061% | 8h | 1.0017 | −0.090% | $18.8M | $100.3M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0049% | 1h | 1.0023 | −0.030% | $172K | $23K | 25x | as long as short |
| KuCoin FILUSDTM | −0.0035% | 8h | 1.0020 | −0.060% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0020 | −0.058% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0001 | −0.248% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.706% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0056% | 8h | 1.0026 | +0.005% | $58.1M | $178.0M | 75x | as long as short |
| Extended FIL-USD | +0.0056% | 1h | 1.0019 | −0.073% | $708K | $3.3M | 10x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
Deribit FIL_USDC-PERPETUAL
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0082% | 8h | 1.0016 | −0.100% | $243K | $103K | 50x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 1.0016 | −0.103% | $159K | $352K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 1.0028 | +0.020% | $8.6M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0022 | −0.036% | $510K | $577K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0022 | −0.040% | $15.6M | $19.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0030 | +0.040% | $8.5M | $16.4M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0020 | −0.060% | $10.9M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 1.0025 | −0.010% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0054 | +0.275% | $453K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0050 | +0.235% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0009 | −0.172% | $291K | $880K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0020 | −0.060% | $30K | $187K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0028 | +0.024% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0010 | −0.160% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0016 | −0.100% | $486 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0022 | −0.040% | $634K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0010 | −0.160% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDTlong | +0.0176% | 8h | 1.0026 | long leg | $2.7M | $638K | 75x | |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 1.0022 | −0.044% | $267K | — | 100x | as long as short |
MEXC FIL_USDC
Hyperliquid FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]